[CBSE] Q. 19 Dissolution of Partnership Firm Solution TS Grewal Class 12 2024-25

Solution to Question number 19 of the Dissolution of Partnership Firm Chapter of TS Grewal Book 2024-25 Edition for the CBSE Board.

C, D and E were partners in a firm sharing profits in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st March, 2022 was as follows:

Balance sheet of C, D and E as at 31st March, 2022

Liabilities	₹	Assets	₹
Capital A/css: C D E C’s Loan Sundry Creditors Bills Payable	4,00,000 2,00,000 1,00,000 1,20,000 1,00,000 2,00,000	Machinery Investments Stock Debtors Cash at Bank	3,20,000 3,00,000 2,00,000 1,00,000 2,00,000
	11,20,000		11,20,000

On the above date, the firm was dissolved due to certain disagreement among the partners.

(I) Machinery of ₹ 3,00,000 were given to creditors in full settlement of their account and remaining machinery was sold for ₹ 10,000.

(ii) Investments realised ₹ 2,90,000.

(iii) Stock was sold for ₹ 1,80,000.

(iv) Debtors for ₹ 20,000 proved bad.

(v) Realisation expenses amounted to ₹ 10,000.

Prepare Realisation Account.

[Ans.: Loss on Realisation – ₹ 2,70,000.]

Solution:-

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10	Question – 10

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12	Question – 12
13	Question – 13
14	Question – 14
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17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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29	Question – 29
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S.N	Questions
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32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Questions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48